PennyMac Mortgage Investment Trust
NYSE:PMT
Income Statement
Earnings Waterfall
PennyMac Mortgage Investment Trust
Revenue
|
1.2B
USD
|
Cost of Revenue
|
-854.3m
USD
|
Gross Profit
|
310.7m
USD
|
Operating Expenses
|
-66.3m
USD
|
Operating Income
|
244.4m
USD
|
Other Expenses
|
-87m
USD
|
Net Income
|
157.4m
USD
|
Income Statement
PennyMac Mortgage Investment Trust
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
471
N/A
|
448
-5%
|
461
+3%
|
484
+5%
|
442
-9%
|
409
-7%
|
367
-10%
|
366
0%
|
374
+2%
|
394
+6%
|
379
-4%
|
394
+4%
|
422
+7%
|
439
+4%
|
478
+9%
|
450
-6%
|
469
+4%
|
478
+2%
|
479
+0%
|
518
+8%
|
526
+2%
|
577
+10%
|
616
+7%
|
676
+10%
|
786
+16%
|
200
-75%
|
655
+228%
|
720
+10%
|
738
+3%
|
1 442
+95%
|
1 302
-10%
|
1 146
-12%
|
725
-37%
|
870
+20%
|
492
-44%
|
633
+29%
|
714
+13%
|
838
+17%
|
1 286
+53%
|
1 368
+6%
|
1 165
-15%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(217)
|
(214)
|
(218)
|
(221)
|
(222)
|
(227)
|
(233)
|
(246)
|
(264)
|
(272)
|
(291)
|
(308)
|
(328)
|
(335)
|
(334)
|
(329)
|
(311)
|
(306)
|
(299)
|
(309)
|
(338)
|
(376)
|
(423)
|
(487)
|
(563)
|
(611)
|
(633)
|
(625)
|
(632)
|
(658)
|
(870)
|
(878)
|
(642)
|
(758)
|
(534)
|
(540)
|
(609)
|
(708)
|
(1 006)
|
(1 054)
|
(854)
|
|
Gross Profit |
254
N/A
|
234
-8%
|
242
+4%
|
263
+8%
|
221
-16%
|
183
-17%
|
134
-27%
|
121
-10%
|
109
-10%
|
122
+12%
|
88
-28%
|
87
-2%
|
94
+8%
|
104
+11%
|
143
+38%
|
121
-15%
|
158
+31%
|
172
+9%
|
180
+5%
|
209
+16%
|
189
-10%
|
202
+7%
|
194
-4%
|
190
-2%
|
223
+18%
|
(411)
N/A
|
22
N/A
|
95
+344%
|
107
+12%
|
784
+633%
|
433
-45%
|
268
-38%
|
83
-69%
|
113
+36%
|
(42)
N/A
|
93
N/A
|
105
+13%
|
131
+24%
|
280
+114%
|
314
+12%
|
311
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(39)
|
(39)
|
(42)
|
(41)
|
(41)
|
(43)
|
(43)
|
(42)
|
(36)
|
(34)
|
(33)
|
(32)
|
(32)
|
(31)
|
(30)
|
(29)
|
(27)
|
(25)
|
(21)
|
(21)
|
(24)
|
(26)
|
(29)
|
(30)
|
(33)
|
(34)
|
(32)
|
(30)
|
(29)
|
(29)
|
(41)
|
(39)
|
(38)
|
(50)
|
(40)
|
(44)
|
(42)
|
(47)
|
(71)
|
(76)
|
(66)
|
|
Selling, General & Administrative |
(16)
|
(17)
|
(18)
|
(18)
|
(17)
|
(17)
|
(15)
|
(15)
|
(15)
|
(14)
|
(15)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(12)
|
(14)
|
(13)
|
(14)
|
(13)
|
(12)
|
(18)
|
(18)
|
(19)
|
(20)
|
(17)
|
(20)
|
(28)
|
(27)
|
(24)
|
(32)
|
(24)
|
(28)
|
(24)
|
(27)
|
(46)
|
(51)
|
(47)
|
|
Other Operating Expenses |
(23)
|
(22)
|
(24)
|
(23)
|
(24)
|
(27)
|
(28)
|
(28)
|
(21)
|
(21)
|
(19)
|
(17)
|
(18)
|
(17)
|
(16)
|
(15)
|
(14)
|
(12)
|
(9)
|
(7)
|
(11)
|
(12)
|
(16)
|
(18)
|
(15)
|
(16)
|
(13)
|
(12)
|
(12)
|
(10)
|
(13)
|
(12)
|
(14)
|
(18)
|
(16)
|
(17)
|
(19)
|
(20)
|
(25)
|
(25)
|
(19)
|
|
Operating Income |
215
N/A
|
195
-9%
|
200
+3%
|
222
+11%
|
180
-19%
|
139
-22%
|
91
-35%
|
78
-14%
|
73
-6%
|
88
+20%
|
55
-38%
|
55
0%
|
62
+13%
|
73
+19%
|
113
+55%
|
93
-18%
|
131
+42%
|
148
+13%
|
159
+8%
|
189
+18%
|
164
-13%
|
176
+7%
|
165
-6%
|
159
-3%
|
191
+20%
|
(445)
N/A
|
(11)
+98%
|
65
N/A
|
78
+20%
|
755
+868%
|
392
-48%
|
229
-42%
|
45
-81%
|
63
+40%
|
(82)
N/A
|
49
N/A
|
63
+29%
|
84
+33%
|
209
+150%
|
237
+13%
|
244
+3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(8)
|
(9)
|
(11)
|
(6)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
215
N/A
|
195
-9%
|
200
+3%
|
222
+11%
|
180
-19%
|
139
-22%
|
91
-35%
|
78
-14%
|
73
-6%
|
88
+20%
|
55
-38%
|
55
0%
|
62
+13%
|
73
+19%
|
113
+55%
|
93
-18%
|
125
+35%
|
140
+12%
|
150
+8%
|
178
+18%
|
158
-11%
|
170
+8%
|
161
-5%
|
158
-2%
|
191
+21%
|
(444)
N/A
|
(9)
+98%
|
65
N/A
|
80
+22%
|
755
+848%
|
392
-48%
|
229
-42%
|
45
-81%
|
63
+40%
|
(82)
N/A
|
49
N/A
|
63
+29%
|
84
+33%
|
209
+150%
|
237
+13%
|
244
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(14)
|
(10)
|
5
|
(2)
|
15
|
25
|
26
|
23
|
17
|
9
|
9
|
6
|
14
|
17
|
11
|
16
|
(20)
|
(36)
|
(39)
|
(39)
|
(5)
|
8
|
25
|
52
|
36
|
22
|
8
|
(37)
|
(27)
|
(37)
|
(28)
|
(1)
|
12
|
(25)
|
(61)
|
(144)
|
(136)
|
(77)
|
(47)
|
(25)
|
(45)
|
|
Income from Continuing Operations |
200
|
185
|
206
|
221
|
195
|
164
|
117
|
101
|
90
|
97
|
64
|
60
|
76
|
90
|
124
|
108
|
105
|
104
|
112
|
139
|
153
|
178
|
186
|
209
|
226
|
(422)
|
(2)
|
28
|
52
|
719
|
364
|
228
|
57
|
38
|
(143)
|
(95)
|
(73)
|
7
|
163
|
212
|
200
|
|
Net Income (Common) |
199
N/A
|
184
-8%
|
204
+11%
|
219
+8%
|
193
-12%
|
162
-16%
|
115
-29%
|
99
-14%
|
88
-11%
|
96
+8%
|
63
-35%
|
59
-5%
|
75
+26%
|
88
+19%
|
120
+36%
|
98
-18%
|
102
+4%
|
95
-6%
|
99
+4%
|
126
+27%
|
127
+1%
|
153
+20%
|
160
+5%
|
184
+15%
|
201
+9%
|
(446)
N/A
|
(27)
+94%
|
3
N/A
|
27
+834%
|
693
+2 455%
|
332
-52%
|
195
-41%
|
26
-87%
|
(4)
N/A
|
(182)
-4 412%
|
(137)
+25%
|
(116)
+16%
|
(36)
+69%
|
110
N/A
|
159
+45%
|
157
-1%
|
|
EPS (Diluted) |
2.48
N/A
|
2.28
-8%
|
2.38
+4%
|
2.64
+11%
|
2.34
-11%
|
2.16
-8%
|
1.24
-43%
|
1.18
-5%
|
1.06
-10%
|
1.33
+25%
|
0.83
-38%
|
0.77
-7%
|
0.96
+25%
|
1.17
+22%
|
1.6
+37%
|
1.47
-8%
|
1.36
-7%
|
1.36
N/A
|
1.42
+4%
|
1.82
+28%
|
1.83
+1%
|
1.91
+4%
|
1.65
-14%
|
1.98
+20%
|
2.29
+16%
|
-4.47
N/A
|
-0.26
+94%
|
0.02
N/A
|
0.27
+1 250%
|
7.05
+2 511%
|
3.38
-52%
|
1.99
-41%
|
0.26
-87%
|
-0.06
N/A
|
-1.98
-3 200%
|
-1.51
+24%
|
-1.26
+17%
|
-0.35
+72%
|
0.98
N/A
|
1.43
+46%
|
1.41
-1%
|